Binance achieved a 50% price increase with a new meme coin.

The world's largest cryptocurrency exchange, Binance, announced on Monday, October 20, the addition of a new meme coin to its futures trading platform. This new crypto asset is known as 币安人生 (Binance Life), and its price, which began to soar following the announcement made during the day, caught the attention of investors.

According to Binance's announcement, a maximum of 50x leverage will be offered for the Tether (USDT) margined perpetual futures contracts for 币安人生. The contracts will begin trading at 14:00 Türkiye Time (TRT). This new trading contract will be based on the token with the address 0x924fa68a0fc644485b8df8abfa0a41c2e7744444, which is located on the Ethereum network.

Binance stated that transactions will initially be conducted with funding rates fluctuating between -%2.00 and +%2.00, and these rates will be updated every 4 hours. However, it was emphasized that these rates and other trading conditions may change depending on market conditions. Additionally, it was mentioned that the Multi-Assets Mode feature, which allows users to trade with different collateral assets, is also supported.

According to CoinGecko data, the price of the meme coin 币安人生 surged by approximately %50 after this development, rising from $0.1882 to $0.2804. This situation generated significant excitement among investors and drew attention in the meme coin market.

Among the important points that investors should pay attention to during this process are the performance of the token, which is the underlying asset of the contract, and the evaluation of the funding rates announced by Binance. Current price movements and market trends may present new opportunities for investors. It is recommended that investors looking to develop long-term strategies carefully monitor the market.